MeritKapital News
US equities rise, bonds yields stable as investors remain cautious over lack of clear direction
US Stocks rose, bonds yields were steady as markets continue to remain volatile with investors threading cautiously after initial optimism that Fed may temper down on rate hikes. Consequently, the S & P 500 gained 0.40% to close at 4,297.14, Nasdaq 100 rose by 0.62% to 13,128.05 while DOW climbed 0.45% to close at 33,912.44.…
Read MoreUS equities rise amid China’s dismal economic expectation
U.S stocks ended the week on a high note with all gains on Friday. The S&P 500 and Nasdaq 100 each scored a fourth straight week of gains, their longest winning streak since November 2021. Subsequently, Dow Jones gained 1.3% to finish at 33,761.05, S&P 500 gained 1.7% to finish at 4,280.15 while Nasdaq 100…
Read MoreUS equities mixed as investors gauge inflation outlook
U.S stocks ended mixed on Thursday, despite an early morning surge to their highest levels since May, after the July PPI fell 0.5%, compared with expectations for a 0.2% rise. Thursday’s optimistic inflation report followed a similarly cooler-than-expected reading of the U.S consumer-price growth released on Wednesday. Subsequently, Dow Jones increased 0.1% to finish at…
Read MoreUS equities rise following decrease in july inflation figure
U.S stocks closed at their highest since May after headline CPI of July showed reduction in inflation from 9.1% to 8.5%, due largely to lower energy prices and potentially easing the burden on the FED Reserve monetary policy. In the report, closely watched core measure of inflation that omits volatile food and energy prices rose…
Read MoreUS equities decline as focus shifts to upcoming inflation report
US stocks finished lower on Tuesday as anxiety about looming inflation data and a selloff in semiconductor stocks drove the S&P 500 to its fourth straight losing session as markets await today’s CPI report. Subsequently, Dow Jones declined 0.2% to finish at 32,774.41, S&P 500 declined 0.4% to finish at 4,122.47 while Nasdaq 100 declined…
Read MoreUS equities mixed ahead of US CPI report
US stocks ended mostly lower on Monday as they struggled to hold on to earlier gains after all three major stock indexes initially opened higher, as investors await CPI report for July. Subsequently Dow Jones increased 0.1% to finish at 32,832.54, S&P 500 declined 0.1% to finish at 4,140.06 while Nasdaq 100 declined 0.1% to…
Read MoreUS equities mixed on robust july jobs report
US stocks closed mostly lower on Friday after a surprisingly strong jobs report. Investors believe this will make the Fed Reserve keep up its aggressive interest rate hikes to cool the economy and tame inflation. The U.S economy added 528,000 jobs in July, far exceeding the 258,000 consensus estimate according to the Labour Department report…
Read MoreUS equities mixed ahead of july jobs report
US stocks closed mostly lower on Thursday as investors weighed another batch of corporate earnings and looked ahead to July employment report slated for later today for insights on the health of the labour market and the economy. Stocks drifted lower after data showed first-time claims for U.S. jobless benefits rose by 6,000 to 260,000…
Read MoreUS equities gain over cheery corporate earnings and economic data
US stocks closed higher on Wednesday, after a bumpy beginning at the start of the month, with earnings reports continuing to pour in and economic data coming in a bit stronger than expected. In economic data, an ISM barometer of business conditions at companies in July rose to a three-month high of 56.7%, suggesting the…
Read MoreUS equities decline, bonds yields rise as investors evaluate US-China tension
US stocks finished lower on Tuesday, second day in a row, as investors analysed close talk from a pair of senior Fed Reserve officials and parsed the implications of House Speaker Nancy Pelosi’s historic trip to Taiwan. Subsequently, Dow Jones declined 1.2% to finish at 32,396.17. S&P 500 declined 0.7% to finish at 4,091.19 while…
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